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General

NextGenTel suffers Q2 loss, plans to cut costs NOK 40 mln per year

Wednesday 16 August 2017 | 12:40 CET | News
Norwegian operator NextGenTel said that revenue in the second quarter of 2017 dropped to NOK 317.23 million from NOK 345.53 million a year earlier. The company suffered an operating loss of NOK 1.46 million, after an operating profit of NOK 19.91 million in the second quarter of 2016. It plans to cut operating expenses by another NOK 40 million annually, mainly by trimming staff.

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Categories: General
Companies: NextGenTel
Countries: Norway
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